
Type of paper:Â | Course work |
Categories:Â | Company Strategic management SWOT analysis |
Pages: | 2 |
Wordcount: | 502 words |
All company needs to have a strategy in the process of planning. SWOT analysis is a valuable tool that facilitates the process of strategic planning. The current position of the company can be ascertained using such strategic methods. The technique, SWOT analysis, is effective in identifying the position of the company in the current market (Gurel & Tat, 2017). Humans are social in nature; everyone wants to communicate with each other regardless of the geological location. In this present era and century, the telecommunication business has grown so vastly that the big investors and the wealthiest people have roots in the telecommunications firm (Tidd, Bessant, 2018).
Technology has played a pivotal role in making sure the telecommunication business remains lucrative and attains the top spot. The world's The United States of America is a hub of many companies that have influence over the globe; is a hub of many companies that have influence over the world some of the telecommunication giants include Verizon. The introduction of fiber optic cables has led to other radio transmission methods and microwave systems to become something of the past. Verizon provides fiber networks, telephony, and wireless connectivity (Babich, 2018). When one gets an opportunity to gain experience from such an advanced company, there is a lot to learn that can help improve some of the various sectors. The following is a strength, weakness, opportunity, and threats analysis of Verizon Inc.
Strengths
One of the noticeable strengths of Verizon Inc. is its ability to embrace flexibility and being dynamic. In the ever-changing world that experiences time to the time change in technology, companies should try as much as possible to maintain the pace so that they can exist in the market. Verizon Inc. has shown tremendous efforts in keeping with the pace in technology as they have embraced the influence of fiber optics as an advanced method of transmitting communication. Apart from having fiber installation, fast internet is the prayer of any internet user. The company has ensured that the demand for speed is met by having the fourth-generation technology, 4G and this has made it be dubbed as a company with the leading number of subscribers.
Also, the company has installed various infrastructures that would cater to the needs of the clients. These form a massive step in the telecommunication business since a company can save money that would have been used in leasing.
References
Babich, K. (2018). U.S. Patent No. 9,941,950. Washington, DC: U.S. Patent and Trademark Office. https://patents.google.com/patent/US9941950B2/en
Gurel, E., & Tat, M. (2017). SWOT analysis: A theoretical review. Journal of International Social Research, 10(51). http://sosyalarastirmalar.com/cilt10/sayi51_pdf/6iksisat_kamu_isletme/gurel_emet.pdf
Tidd, J., & Bessant, J. R. (2018). Managing innovation: integrating technological, market and organizational change. John Wiley & Sons. https://books.google.com/books?hl=en&lr=&id=S11nDwAAQBAJ&oi=fnd&pg=PA1&dq=the+wealthiest+people+have+roots+in+the+telecommunications+firm&ots=dXWv8gJ6Nz&sig=rDsm9eCBuPhDgsFnrEkyjV6Hn8k
Cite this page
Free Essay. Verizon SWOT Analysis. (2023, Apr 08). Retrieved from https://speedypaper.com/essays/verizon-swot-analysis
Request Removal
If you are the original author of this essay and no longer wish to have it published on the SpeedyPaper website, please click below to request its removal:
- Free Essay Example: My First Car
- The Long March and the Rise of Mao Zedong - Leadership Analysis Essay Sample
- Essay Sample on Exhibitor Rules and Regulations
- Free Essay Exploring the Influence of Songs to the Civil Right Movement
- History and the Achievements of Women in Mathematics - Essay Example
- A case study was why international humanitarian law is oriented more towards the prevention of forced displacement during armed conflict rather than addressing the plight of those who are already forcibly displaced. The issues such as IHL basic principles, and Implementation and Enforcement of the Law was reviewed. This was followed by endeavoring offer solution to the identified Case study issues. The proposed solutions included: International Committee of the Red Cross`s (ICRC) role and the correlation amid humanitarian law in addition to international human rights law. From the findings in the reviewed literature, addressing the plight of those who are already forcibly displaced has been delegated to the International Committee of the Red Cross`s (ICRC). While IHRL gives progressively routine shields to an individual's protection, further than IHL involves, with suitable respect to an individual cure, the privilege to an independent and fair-minded examination and singular reparation. All these routine rights can't be moved within their entirety to IHL, yet specified the idea of every law assemblage, the expanding attention to the human rights utilization within outfitted clash also the expanding straightforwardness and responsibility within military tasks, each hold an impact on the comprehension of specific rights in IHL.
- Essay Sample on Leadership Styles in Nursing
Popular categories